GULFPORT — The Harrison County Utility Authority has voted to terminate S.H. Anthony, Inc.’s contract for operation and maintenance of its facilities. Members said company owner Sean Anthony violated board and state ethics policies when he financed a car for then-director Kamran Pahlavan in 2011. Jim Simpson, attorney for the authority, said the Utility Authority [...] [...]
WEST POINT — The board of supervisors has started the process toward issuing up to $10 million in bonds for development of the Prairie Belt Powersite in northern Clay County. The Daily Times Leader reports officials with the Golden Triangle Development LINK had requested that the board be ready to issue bonds when a major [...] [...]
by Associated Press Published: February 15,2013
Tags: bench, bill, coal, court, electricity, energy, justice, law, lawmaker, legal, legislation, legislative, legislator, Legislature, plant, power, state government, utility
JACKSON — The state Senate has approved two House-passed bills that codify a settlement between the Public Service Commission and Mississippi Power Co. over the company’s Kemper County power plant. Meanwhile, state Supreme Court justices want parties to answer more questions about an appeal challenging the constitutionality of a 2008 state law that would allow [...] [...]
by Associated Press Published: February 8,2013
Tags: distribution, elecvtricity, energy, financial statement, generation, net income, power, publicly traded company, tax, utility
NEW ORLEANS — Electric power company Entergy Corp.’s fourth-quarter net income nearly doubled helped by lower income tax expenses. The New Orleans-based utility earned $296.3 million, or $1.66 per share, in the three months ended Dec. 31, up from $154.1 million, or 87 cents per share, in the same quarter last year. Excluding one-time items, [...] [...]
PETAL — Mississippi Power Co. has shut down a generating plant in Petal. Mississippi Power says in a news release that Plant Eaton — named for the company’s first president, Barney E. Eaton Sr. — began operation in March of 1945. Ed Day, president and CEO of Mississippi Power, says when the 67.5 megawatt plant [...] [...]
by MBJ Staff Published: February 5,2013
Tags: electricity, energy, finncial statement, loss, net income, power, revenue, sales, utility, Weather
NORTH MISSISSIPPI — The Tennessee Valley Authority reported electricity sales were relatively flat in the first quarter of fiscal year 2013, total revenues were consistent with the prior year and net income was down. Higher off-system sales as a result of excess generation and closer to normal temperatures for the period, compared with even warmer weather a year ago, [...] [...]
NEW ORLEANS — While authorities investigate the causes of the 34-minute Super Bowl blackout, documents show that Superdome officials were worried last fall about losing power at the big game. Officials warned in an Oct. 15 memo that tests on the dome’s electrical feeders showed decay and “a chance of failure.” Entergy New Orleans, the [...] [...]
by MBJ Staff Published: January 31,2013
Tags: costs, eartnings, electricity, energy, expenses, financial statement, income, power, power generation, profit, publicly traded company, revenue, sales
ATLANTA — Southern Company reported fourth quarter 2012 earnings of $383 million, or 44 cents a share, compared with earnings of $261 million, or 30 cents a share, in the fourth quarter of 2011. Southern Company, the parent company of Mississippi Power Co., also reported full-year 2012 earnings of $2.35 billion, or $2.70 a share, [...] [...]
by Associated Press Published: January 30,2013
Tags: bill, bonds, coal, construction, electricity, energy, law, lawmaker, legislation, legislator, power, Power plant, state government, utility
KEMPER COUNTY — Lawmakers are advancing a proposal to let Mississippi Power Co. sell bonds to cover expenses above $2.4 billion at the Kemper County power plant it’s building. They also want to allow the Mississippi Public Service Commission to approve a multi-year rate plan, to prevent a rate spike when the plant begins operation. [...] [...]
by MBJ Staff Published: January 28,2013
Tags: COST, disaster, disaster recovery, electricity, ice, poll, power, power line, power outage, snow, storm, utility, Weather
LITTLE ROCK, Ark. — Entergy Arkansas has compiled preliminary damage estimates following the Christmas Day ice storm that gripped Central Arkansas and left more than 194,000 customers without power and caused extensive damage due to ice, snow and high wind. Total restoration costs for the repair and/or replacement of Entergy Arkansas’ electrical facilities in areas [...] [...]
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